economicsWhat kinds of people are a liability to the economy?

What kinds of people are a liability to the economy?


  1. A
    Poor
  2. B
    Healthy
  3. C
    Elite
  4. D
    Illiterate 

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    Solution:

    Illiterate people are a liability to the economy.
    The population's quality ultimately determines the growth rate of the nation. People who are illiterate and unHealthy become a financial liability because they cannot utilise land and capital productively or add value to any economic activity. An illiterate and diseased population is a liability to the economy. They have a low or no income. Technology is underdeveloped, resulting in a country that is underdeveloped or impoverished. Productivity has decreased. In life, they have not been successful. They eventually weigh down the whole economy and become a liability for the entire nation.
     
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